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to Portugal. Building on the framework developed by Berg et al (2006), this model differentiates between shocks … Portugal. This framework is also used to consider the dynamics of the Portuguese economy over recent decades. The model, which …
Persistent link: https://www.econbiz.de/10012155055
Persistent link: https://www.econbiz.de/10009572399
This paper discusses the recent major reforms in the area of civil and commercial claims enforcement undertaken by the Portuguese authorities in the context of the IMF/EU-supported adjustment program. The economic literature has long recognized that slow claims enforcement affects economic...
Persistent link: https://www.econbiz.de/10011445590
Persistent link: https://www.econbiz.de/10010388660
estimates for Portugal (2008) show that closing this gap, by reducing misallocation in the service sector to manufacturing …
Persistent link: https://www.econbiz.de/10011715589
This paper analyzes the capital structure of private asset managers in which the acquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles (CoCos) placed with investors. The paper develops a model based on NPL transfer prices and residual recovery rates to assess capital...
Persistent link: https://www.econbiz.de/10012021827
Portugal, and document a number of features that may affect labor market outcomes, including: i) the scope for flexibility at …
Persistent link: https://www.econbiz.de/10011763867
accounts for macroeconomic dynamics in Portugal in 2010-2016. Policy interventions face a trade-off between alleviating banks …
Persistent link: https://www.econbiz.de/10011763894
. This paper analyses the causal impact of such extensions on employment using a natural experiment in Portugal: the …
Persistent link: https://www.econbiz.de/10011711799
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both …
Persistent link: https://www.econbiz.de/10014399668